Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Saudi Arabia - 2022

Contents:

1. Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Saudi Arabia (FOB) - 2022
2. Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Saudi Arabia (CIF) - 2022
3. Exports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Saudi Arabia
4. Imports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Saudi Arabia

Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Saudi Arabia (FOB) - 2022

The average export price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber stood at $19 per pair in 2021, picking up by 47% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 48% against the previous year. As a result, the export price reached the peak level of $45 per pair. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($21 per pair), while the average price for exports to Qatar ($2.3 per pair) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-12.9%).

Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Saudi Arabia (CIF) - 2022

The average import price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber stood at $550 per thousand pairs in 2021, leveling off at the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2015 when the average import price increased by 36%. As a result, import price attained the peak level of $610 per thousand pairs. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($2.7 per pair), while the price for China ($412 per thousand pairs) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Saudi Arabia

In 2022, overseas shipments of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber decreased by -76.2% to 373 pairs, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2020 with an increase of 96%. As a result, the exports reached the peak of 1.7K pairs. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber reduced rapidly to $8K in 2022. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 57%. The exports peaked at $30K in 2021, and then shrank remarkably in the following year.

Top Export Markets for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber from Saudi Arabia in 2022:

1. Bahrain (1358.0 pairs)
2. United Arab Emirates (802.0 pairs)
3. Qatar (160.0 pairs)
4. Germany (50.0 pairs)

Imports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Saudi Arabia

Imports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber into Saudi Arabia fell remarkably to 11M pairs in 2021, waning by -24.5% against 2020 figures. Over the period under review, imports showed a abrupt decline. The smallest decline of -4.9% was in 2020. Imports peaked at 16M pairs in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber shrank notably to $6.3M in 2021. Overall, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of 4.2% against the previous year. As a result, imports attained the peak of $8.4M, and then shrank sharply in the following year.

Top Suppliers of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber to Saudi Arabia in 2022:

1. China (9.5M pairs)
2. Pakistan (1.1M pairs)
3. Vietnam (0.3M pairs)
4. Sri Lanka (0.2M pairs)

Source: IndexBox Market Intelligence Platform